Chattanooga is planning to spend $9.2 million, including $4.5 million from a federal grant, to create what it calls a testbed for electric vehicle charging.
The remaining $4.7 million will be paid for by a combination of the University of Tennessee-Chattanooga, the city of Chattanooga, private industry and the EPB energy company.
The pilot program is intended to create a “networked system that will enable electric vehicle drivers to more readily locate charging stations.”
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Georgia’s two senators voted for the Democrats’ recently enacted Inflation Reduction Act, even though it strips South Korean automaker Kia — one of the state’s largest employers — of eligibility for the law’s electric vehicle tax credits.
Kia, which employs thousands in Georgia, is planning to build another automobile factory in the state and hire 8,500 people, according to The Atlanta Journal-Constitution. Due to domestic assembly requirements in the new law, however, the automaker’s EV and plug-in fleet will lose their current eligibility for $7,500 tax credits on the purchase of new electric vehicles.
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South Korea-based automaker Hyundai is set to announce a new $7 billion manufacturing electric vehicle (EV) plant in the U.S. that will also make gas-powered cars, according to several media reports.
“We are excited to announce a new EV plant plan in the United States soon, but we do not have details to share at this stage,” Hyundai told Reuters in a statement on Monday.
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A scandal is brewing in Georgia’s Republican gubernatorial primary, with candidate and former Sen. David Perdue accusing incumbent Gov. Brian Kemp of engaging in shady backroom deals and lining the pockets of liberal megadonor George Soros as part of a massive new economic development project in the Peach State.
“This may be the worst deal I’ve seen in my business career, honestly,” Perdue told the “Just the News, Not Noise” television program on Friday. “This was just done the wrong way. And I’ve called the governor out on that, and we’ve had no response.”
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Major U.S. automaker Ford blamed its sizable investment in electric vehicle (EV) company Rivian for its dramatic revenue decline in the first quarter of 2022.
Ford reported revenue of $34.5 billion between January and March, a 5% decline relative to the same period in 2021, and a net loss of $3.1 billion, according to the company’s earnings report released Wednesday. The Detroit automaker said its large investment in Rivian accounted for $5.4 billion in losses during the first quarter.
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Gov. Gretchen Whitmer wants to spend $60 million on electric vehicles (EV), including electrifying the state’s fleet. However, the production of EVs is beset by a supply chain riddled with shortages in addition to environmental concerns.
Whitmer’s proposed 2023 budget aims to spend $50 million to subsidize new EV sales or a $500 rebate for at-home charging equipment for new or used EVs. Another $10 million would start converting Michigan’s roughly 13,637-vehicle fleet to EV.
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Gov. Gretchen Whitmer wants to spend $60 million on electric vehicles (EV), including electrifying the state’s fleet. However, the production of EVs is beset by a supply chain riddled with shortages in addition to environmental concerns.
Whitmer’s proposed 2023 budget aims to spend $50 million to subsidize new EV sales or a $500 rebate for at-home charging equipment for new or used EVs. Another $10 million would start converting Michigan’s roughly 13,637-vehicle fleet to EV.
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Friday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tennessee State Representative (R-82) Chris Hurt to the newsmakers line to discuss the success of the Ford Megasite deal while working through session.
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Officials with the Tennessee Valley Authority and the Tennessee Department of Environment and Conservation are scheduled to unveil a plan Wednesday to develop and fund more charging networks across the state to power electric vehicles. The Tennessee Star on Tuesday asked officials with both agencies if enough Tennessee residents are driving electric vehicles to justify investing public resources into this infrastructure.
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A state board on Tuesday approved a $35 million jobs training grant to encourage General Motors to retain workers at its Spring Hill plant as the company looks to invest approximately $2 billion to produce electric vehicles, including the Cadillac LYRIQ.
The State Funding Board approved the FastTrack Job Training Assistance Grant. More information is available here.
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State lawmakers are considering a five-year tax credit for Ohio residents who purchase or lease a plug-in an electric vehicle (EV), a move proponents say will jump-start production in the state.
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Ford will increase its investment in electrification, planning to spend $11 billion by 2022 to create hybrid and all-electric versions of its vehicles, the company announced Sunday at the Detroit Auto Show. Ford executive James Farley said the increased expenditure essentially doubles and extends Ford’s previous $4.5 billion investment in electrification until 2020.
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